Should I sell it or lease it???
ThisIsMyHouse
Hey everyone! My name is Erin and I am new to the forums here so I just wanted to stop by and introduce myself. I work for HGTV and I becoming very interested in real estate. I currently own a townhouse in the LA area of California, but I am thinking of leasing it and buying a small house. Is it true that townhouse values kinda decrease after a certain dollar point as opposed to houses? What do you guys think I should do??? Should I lease out the townhouse or just sell it asap?? Thanks for the help!
catwoman708
Sorry, I wouldn't know anything about real estate values in CA, but around here it is not a seller's market right now, so leasing it out would be an option until real estate sales pick up again. If you don't mind the hassles of being a landlord, when you lease it out you'll have extra income that might help make the payments on the smaller house you are thinking of buying. Or you can sock it away in a savings/investment account. You can hire a property management company to handle it for you, as there can be a lot of pitfalls for new landlords.
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